The number of employees in the US textiles, wearing apparel, and leather products manufacturing sector is forecasted to decrease from 428,000 in 2024 to 420,000 in 2028. This reflects a downward trend, with year-on-year declines in employment numbers observed throughout the period. The sector showed a gradual decline with a Compound Annual Growth Rate (CAGR) highlighting a consistent decrease over five years.
Future trends to watch for:
- Automation and technological advancements may further impact employment negatively as firms optimize production processes.
- The demand for sustainable and eco-friendly products might create niche opportunities within the sector.
- Potential shifts in global supply chains could influence domestic employment dynamics.